Based on the Following Income Statement and Balance Sheet for Rashid

Based on the following income statement and balance sheet for Rashid Corporation, determine the cash flows from operating activities using the indirect method.
RASHID CORPORATION
Incorne Staternent
For Year Ended December 31, 2013
$\begin{array}{|l|r|r|}\hline \text { Sales } & & \$ 504,000 \\\hline \text { Cost of goods sold } & \$ 327,600 & \\\hline \text { Depreciation expense } & 42,000 & \\\hline \text { Other operating expenses } & 125,500 & (495,100) \\\hline \text { Other gains (losses): } & & \\\hline \quad \text { Gain on sale of equipment } & & \underline{7,200} \\\hline \text { Income before taxes } & & \$ 16,100 \\\hline \text { Income tax expense } & & \underline{(4,800)} \\\hline \text { Net income } & & \underline{\$ 11,300}\\\hline\end{array}$